Acetech E-CommerceShare price, financial results, shareholding and management
- Market cap
- ₹226 cr
- Stock P/E
- 22.0peers 13.4
- Book value
- ₹42.6
- Price to book
- 3.24
- EV / operating profit
- 14.7
- Market cap to sales
- 2.73
- ROCE · FY26
- 33.7%
- ROE · FY26
- 24.8%
- ROE, 3-year average
- 66.3%
- Operating margin · FY26
- 16.9%peers 3.4%
- Sales growth, 3 years
- 16.8%
- Profit growth, 3 years
- 72.6%
- Debt to equity
- 0.00peers 0.25
- Borrowings
- ₹0 cr
- Interest cover
- 174.8×
- Cash from business / op. profit
- -188%
- Debtor days
- 125
- Pledged
- 0.00%
- Promoter holding
- 64.39%
- Change in promoter holding
- -
- Shareholders
- 154
- High / low since listing
- ₹164 / ₹112
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Acetech E-Commerce share price chart
Close on 3 Nov 2026 · +1.47% on the day · Vol 1,200
Daily prices to 3 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 3 Nov 2026
- 1 month
- -1.4%
- 3 months
- -2.1%
- 6 months
- +9.5%
- Since IPO
- +23.2%
- Traded a day, 20 days
- ₹0.15 cr
- Taken for delivery
- 93%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +18% | +47% |
| 3 years, a year | +17% | +73% |
| Latest half, H2 FY26 | +6% | +126% |
About Acetech E-Commerce: business, products and customers
Acetech E-Commerce finds trending household, personal care, ayurvedic and car care products, buys them from makers and dealers, and sells them online and through a television shopping channel across India. Its shares trade on NSE Emerge.
Acetech began in Bhiwandi, Maharashtra as Acetech Ventures LLP in December 2014, became a public company in February 2024 and took its present name in November 2024. It does not make anything: it spots products that are starting to catch on, tests them with small releases on Meta and other social media, then buys them in bulk from manufacturers and traders and stocks them in three leased warehouses in Bhiwandi, Bangalore and Delhi. The offer document says many of these goods are imported from China and bought through domestic dealers.
Its sales come through five channels: to business buyers on e-commerce platforms, through a television shopping channel, on its own brand websites, through drop shippers and on marketplaces such as Naaptol, Shop101 and GlowRoad. A subsidiary, Conceptive Brains, runs its own small brands (The Good Planet, Motherveda, Rudraveda, Ayurjeet, TheKartClub and Mr Moto) with goods made by others under white label, and a second subsidiary in Delaware, Acetech Ventures Inc., sells in the United States.
Read more about the business
Because it is a trader, revenue counts the full price of goods it has bought, and profit is the gap between its buying price and selling price after platform, marketing, packing and warehouse costs. The offer document explains that its business sales are goods shipped straight to shoppers but invoiced to GST registered firms on the platforms, and that these buyers were given longer credit, so the shift towards them raised margins while more cash sat in unpaid bills and stock. Products do well early in their life and then fade, so the product list changes every year.
The offer document names no listed rivals. It describes its own challenge on the big platforms as intense competition with other sellers and little difference between brands.
From the offer document (Red Herring Prospectus, 2026) and the company's exchange announcement of 23 September 2026.
Read the deeper study ↓In its favour
- It earns a high return on the money it uses: ROCE 34% in FY26.
- It has little debt for its size: debt to equity 0.00.
- The promoters own a large part of the company: 64.39%.
To watch
- Results for the half year to September 2026, and whether money owed by buyers starts to come in.
- Use of the issue money in the year to March 2027: ₹13.0 cr for working capital and ₹4.3 cr for marketing (offer document, p.34).
- The purchase of the Neora-Store e-commerce brand approved by the board on 23 September 2026 (exchange announcement).
- The four labelling cases in Moradabad and the GST and income tax demands on the former LLP (offer document, p.262 to p.266).
- Customers take longer to pay than before: 125 days in FY26, against 56 in FY25.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Acetech E-Commerce revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.
Acetech E-Commerce half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 40 | 40 | 42.33 |
| Expenses | 37 | 33 | 36.10 |
| Operating profit | 3 | 8 | 6.22 |
| OPM | 8.0% | 19.0% | 14.7% |
| Interest | 0 | 0 | 0.04 |
| Depreciation | 0 | 0 | 0.01 |
| Profit before tax | 3 | 8 | 6.17 |
| Net profit | 2 | 6 | 4.52 |
Acetech E-Commerce profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 52 | 60 | 70 | 82.76 |
| Expenses | 50 | 54 | 61 | 68.76 |
| Operating profit | 2 | 7 | 10 | 14.01 |
| OPM | 4.6% | 11.0% | 14.0% | 16.9% |
| Other income | 0 | 0 | 0 | 0.01 |
| Interest | 0 | 0 | 0 | 0.08 |
| Depreciation | 0 | 0 | 0 | 0.03 |
| Profit before tax | 2 | 7 | 10 | 13.90 |
| Tax rate | 0.0% | 42.9% | 30.0% | 26.0% |
| Net profit | 2 | 4 | 7 | 10.28 |
| EPS ₹ | 1,520 | 4,020 | 7.82 | 8.44 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY25 come rounded to the nearest crore in the source.
Earnings per share before FY25 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Acetech E-Commerce profitability
Margins and returns on capitalLast year the company kept more from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | 4.6% | 11.0% | 14.0% | 16.9% |
| Tax rate | 0.0% | 42.9% | 30.0% | 26.0% |
| ROCE | · | · | 153.8% | 33.7% |
| ROE | · | · | 107.7% | 24.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Acetech E-Commerce debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It has almost no borrowings. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY25, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Acetech E-Commerce balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | · | · | 9 | 16.38 |
| Reserves | · | · | 4 | 53.47 |
| Net worth | · | · | 13 | 69.85 |
| Borrowings | · | · | 0 | 0 |
| Other liabilities | · | · | 7 | 5.49 |
| Total liabilities | · | · | 20 | 75.34 |
| Fixed assets | · | · | 0 | 0.05 |
| Capital work in progress | · | · | 0 | 0 |
| Investments | · | · | 0 | 3 |
| Other assets | · | · | 20 | 72.29 |
| Receivables | · | · | · | 28.33 |
| Inventory | · | · | · | 14.43 |
| Cash | · | · | · | 19.62 |
| Trade payables | · | · | · | 0.86 |
Acetech E-Commerce cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 0 | 0 | -1 | -26.31 |
| Cash from investing | -1 | 0 | 1 | -0.35 |
| Cash from financing | 0 | 2 | -2 | 45.97 |
| Net cash flow | -1 | 2 | -2 | 19.31 |
| Capital spending | · | · | · | 0 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | · | · | 56 | 125 |
| Inventory days | · | · | 58 | 111 |
| Days payable | · | · | 29 | 7 |
| Cash conversion cycle | · | · | 84 | 230 |
| Working capital days | · | · | 66 | 219 |
Acetech E-Commerce peers and competitors
Listed SME companies in the same industryBy sales, Acetech E-Commerce is number 14 of the 26 listed SME companies in retailing.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Womancart | 69 | 8.5 | 134 | 8.1 | 13.4% | 0.25 |
| Pace E-Commerce Ventures | 34 | 8.4 | 100 | 4 | 6.0% | 0.21 |
| Ahasolar Technologies | 21 | 102.0 | 92 | 0.2 | 0.7% | 0.06 |
| Aditya Consumer Marketing | 45 | - | 91.4 | -2.1 | -1.2% | 0.32 |
| Acetech E-Commerce | 226 | 22.0 | 82.8 | 10.3 | 16.9% | 0.00 |
| Vinit Mobile | 32 | 5.6 | 71.9 | 5.7 | 11.1% | 0.65 |
| Jay Ambe Supermarkets | 89 | 18.4 | 71.5 | 4.9 | 14.9% | 0.30 |
| Khemani Distributors & Marketing | 261 | - | 66 | -13 | -43.0% | 0.42 |
| MRP Agro | 100 | 24.4 | 59.1 | 4.1 | 9.1% | 0.06 |
| Fone4 Communications (India) | 10 | - | 51.4 | -3.6 | -8.9% | 0.25 |
| Net Avenue Technologies | 11 | - | 25.1 | -2 | -13.2% | 0.14 |
| Median of the 10 others | 40 | 13.5 | 71.7 | 2.1 | 3.4% | 0.25 |
Acetech E-Commerce shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little.
Acetech E-Commerce shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 26 | |
|---|---|
| Promoters | 64.39% |
| HNIs (over ₹2 lakh each) | 8.45% |
| Small holders (up to ₹2 lakh) | 2.63% |
| Companies and others | 24.53% |
| Number of shareholders | 154 |
The named holders are at 31 March 2026, beside 8 March 2026, each under the group the pattern files them in.
Acetech E-Commerce study: the business from its own documents
Read from 1 of the company's own documentsAcetech E-Commerce so far
From the company's own record
- 9 March 2026Listed on NSE Emerge at ₹112
- 31 March 2026Promoters at 64.39%
- 21 Sept 2026Highest close since listing, ₹153.00
Acetech E-Commerce key facts from the filings
Each figure with the document it comes from
- Two buyers
- 68.5% of sales
- The largest customer or platform gave 40.9% and the second 27.6% of revenue in the half year to September 2025; there are no long term agreements with them.Offer document, p.46 and p.157 (shares added up: our arithmetic)
- Top ten customers
- 85.2%
- Share of revenue in the half year to September 2025, down from 98.2% in FY23; the customers are not named.Offer document, p.157
- Business buyers
- 53.9% of sales
- Sales invoiced to firms on platforms in the half year to September 2025, up from 6.3% in FY23.Offer document, p.153
- Television shopping
- 27.6% of sales
- Orders from television promotion in the half year to September 2025, down from 65.3% in FY23, while drop shipping fell from 44.7% in FY24 to 1.2%.Offer document, p.153
- Largest supplier
- 44.9% of purchases
- One supplier gave nearly half of what the company bought in the half year to September 2025, against 11.2% for the largest in FY23.Offer document, p.158
Show 5 more facts
- Products sold
- 311
- Different products sold in the half year to September 2025, after 488 in FY25 and 531 in FY24; the top products differ every year.Offer document, p.145 and p.151
- Warehouses
- 3, all leased
- Bhiwandi, Bangalore and Delhi; the company owns no registered office, warehouse or plant.Offer document, p.37, p.147 and p.158
- People
- 59 employees
- On 30 September 2025, of whom 47 were in packing and two in the digital team; staff turnover was 168% in FY25.Offer document, p.159 and p.160
- Pending cases
- ₹8.1 cr
- Four criminal cases in Moradabad over labelling of packed goods and fifteen tax matters against the company, mostly GST and income tax demands on the former LLP.Offer document, p.37 and p.262 to p.266
- Issue money for working capital
- ₹20.0 cr
- The largest use of the fresh issue, with ₹6.0 cr for marketing and the rest for acquisitions not yet named and general purposes.Offer document, p.33 and p.34
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The offer document sets out a dated plan for the issue money: ₹7.0 cr for working capital and ₹1.7 cr for marketing by March 2026, and ₹13.0 cr and ₹4.3 cr in the year to March 2027, with part of the rest for acquisitions not yet named. On 23 September 2026 the board approved an asset purchase agreement to acquire the e-commerce brand Neora-Store from another company. These are the company's statements, not newboard's.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Acetech earns a trader's margin by catching products early, while they still fetch a good price, and moving them through a few big buyers and its own websites.
Its weak spots are how much it leans on two buyers and one supplier, and how much cash it has to put into stock and unpaid bills.
AverageCan it set its own prices?Only early in a product's life. A new trending product can fetch a high price, but copies follow and the price comes down.
WatchHow strong is it against rivals?It has no plant, patent or long contract to protect it; what it has is speed in spotting and testing products.
WatchWho are its customers?Two unnamed buyers bring in about two thirds of sales, and the mix between channels has swung a lot from year to year.
WatchDoes it need a lot of money?Not for buildings or machines, but a lot for stock and credit to buyers, and operating cash has gone out each year.
AverageCan it keep finding new work?It has a set routine for finding and testing new products, and its number of buyers and platforms has grown, but each year's sales rest on new hits.
WatchDo good and bad years swing a lot?Yes. Margins have moved a great deal as the channel mix changed, and the products themselves change every year.
Who runs Acetech E-Commerce?
Promoters, directors and officers; tap a name for the background
BVBippinkumar Vijay SaraogiPromoter and Managing Director
Managing Director for five years from 4 March 2025. Education: Higher Secondary. Started Oasis Trade Link, a trader of electrical products, in 2010; a director of TBD India Private Limited from 2012 and its Managing Director from July 2017 to June 2019; Chief Procurement Officer of Acetech Ventures LLP from May 2019 to February 2024. Pay is capped at ₹12 lakh a year. The offer document lists Sweta Bippinkumar Saraogi as spouse.
Offer document, p.182, p.184 to p.186 and p.201 to p.202SBSweta Bippinkumar SaraogiPromoter, Whole Time Director and Chairman · holds 63.95%
Associated with the company since its start; executive director from 21 February 2024, chairman from 16 June 2025 and whole time director for five years from 20 August 2025. M.Sc. in Human Development, with over fifteen years of experience as the offer document states. Also a director of Conceptive Brains. Pay is capped at ₹15 lakh a year. Lent money to the company in each year from FY24, repaid in the same period.
Offer document, p.39, p.182, p.186 and p.201MGMadhavi Govindprasad SharmaPromoter and Non Executive Director
Associated with the company since its start; executive director from 21 February 2024 and non executive director from 4 March 2025. Bachelor of Arts, with over four years in customer support at the company: queries, returns and complaints. Chairs the nomination and remuneration committee and is a director of Conceptive Brains.
Offer document, p.183, p.184, p.193 and p.202BDBasanti Devi NegiIndependent Director
Appointed for five years from 16 June 2025. A lawyer with over twenty years in corporate law, intellectual property and workplace compliance, holding an LL.M. in intellectual property; visiting faculty at M.K.E.S. College of Law. Chairs the stakeholders relationship committee.
Offer document, p.183, p.185 and p.193MRManish RawalIndependent Director
Appointed for five years from 16 June 2025. A chartered accountant qualified in April 2020 and in practice since, working in financial reporting, audit and risk; also on the boards of Goodrich Cereals, Prakhar Software Solutions and Eco Fuel Systems (India).
Offer document, p.183 and p.185Acetech E-Commerce latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹42.3 cr (+6%), net profit ₹4.5 cr (+126%) on H2 FY25.
Acetech E-Commerce announcements
22 on record, latest first; each opens the filing on the exchange
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Outcome of Board MeetingHeld on September 23, 2026 to approve the execution of definitive Asset Purchase Agreement with a company to purchase its E-commerce business brand "Neora-StorePDF ↗
- AppointmentOf Jinal Modi & Associates, as Secretarial Auditor of the company for a term of (5) five consecutive yearsPDF ↗
- Shareholders meetingof Srutinizer's report of Annual General Meeting held on September 03, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of 3rd Annual General Meeting of the company held on September 03, 2026PDF ↗
- Copy of Newspaper PublicationOf 3rd Annual General Meeting in Financial Express Newspaper in English Language and Pratahkal Newspaper in Marathi Language on August 13, 2026PDF ↗
- UpdatesLetter sent to shareholders pursuant to Regulation 36(1)(b) providing Web-link of the Annual Report for the Financial Year 2025-26 to those Members who have notPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 03, 2026 at 04:00 PMPDF ↗
- UpdatesRescheduling of the 3rd Annual General MeetingPDF ↗
- Outcome of Board MeetingHeld on August 08, 2026, and considered 1. Approved Draft Directors' Report of the company for the financial year 2025-26 along with its Annexures and other repPDF ↗
- Disclosure under SEBI Takeover Regulationsof Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011PDF ↗
Acetech E-Commerce annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Acetech E-Commerce share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Acetech E-Commerce's data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 101 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,63,83,735 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹4,020.00) and FY25 (₹7.82) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Acetech E-Commerce
What does Acetech E-Commerce do?
Acetech E-Commerce finds trending household, personal care, ayurvedic and car care products, buys them from makers and dealers, and sells them online and through a television shopping channel across India. Its shares trade on NSE Emerge.
What is the share price of Acetech E-Commerce?
₹138 at the close on 3 Nov 2026, from the exchange's daily figures.
What is the market cap of Acetech E-Commerce?
₹226 cr at the close on 3 Nov 2026, on 1,63,83,735 shares.
What is the P/E of Acetech E-Commerce?
22.0 times FY26 profit at the close on 3 Nov 2026 (our arithmetic).
What are Acetech E-Commerce's revenue and profit?
Revenue ₹83 cr and profit after tax ₹10 cr in FY26.
Who are the promoters of Acetech E-Commerce?
Bippinkumar Vijay Saraogi, Sweta Bippinkumar Saraogi, Madhavi Govindprasad Sharma; promoters held 64.39% at 31 March 2026.
What was the IPO price of Acetech E-Commerce?
₹112 a share; it listed on 9 March 2026.
What is Acetech E-Commerce's website?
www.acetechecommerce.com
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Every listed SME company in Retailing → · SME companies listed in 2026 →
Built from 1 offer document, 22 exchange announcements, 1 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.